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Author: S. Amer Ahmed Publisher: World Bank Publications ISBN: 146481841X Category : Business & Economics Languages : en Pages : 155
Book Description
International migration for temporary employment is key to South Asia’s development path, in terms of both jobs and remittance flows. Overseas markets are a critical source of employment for South Asian economies that may not be able to absorb workers sufficiently or quickly enough into the domestic labor market. Migrant workers typically experience wage gains of at least three times their earnings back home, in addition to acquiring new skills and accumulating savings that can be used to start up entrepreneurial activities upon returning home. Remittances sent by migrants while abroad also boost household consumption and support macroeconomic stability in countries of origin. However, multiple challenges exist that prevent migration from achieving its full development potential. These challenges include high monetary costs, information gaps on employment opportunities in destination countries, a lack of protection while abroad, and high concentrations of migrants in few sectors and destinations. These often prevent the poorest from migrating overseas and may place those who actually migrate in situations of considerable vulnerability. Building on rigorous analytics, this book highlights policy actions that can be taken at all stages of the migration life cycle, including after return, to minimize the risks and maximize the benefits of migration for migrants themselves, their families, and the home economy. The book provides policy options to address information gaps on employment opportunities overseas at the departure stage, to prepare migrants adequately for their experience overseas, to diversify destinations and occupations abroad, and to maximize the benefits of return migration.
Author: S. Amer Ahmed Publisher: World Bank Publications ISBN: 146481841X Category : Business & Economics Languages : en Pages : 155
Book Description
International migration for temporary employment is key to South Asia’s development path, in terms of both jobs and remittance flows. Overseas markets are a critical source of employment for South Asian economies that may not be able to absorb workers sufficiently or quickly enough into the domestic labor market. Migrant workers typically experience wage gains of at least three times their earnings back home, in addition to acquiring new skills and accumulating savings that can be used to start up entrepreneurial activities upon returning home. Remittances sent by migrants while abroad also boost household consumption and support macroeconomic stability in countries of origin. However, multiple challenges exist that prevent migration from achieving its full development potential. These challenges include high monetary costs, information gaps on employment opportunities in destination countries, a lack of protection while abroad, and high concentrations of migrants in few sectors and destinations. These often prevent the poorest from migrating overseas and may place those who actually migrate in situations of considerable vulnerability. Building on rigorous analytics, this book highlights policy actions that can be taken at all stages of the migration life cycle, including after return, to minimize the risks and maximize the benefits of migration for migrants themselves, their families, and the home economy. The book provides policy options to address information gaps on employment opportunities overseas at the departure stage, to prepare migrants adequately for their experience overseas, to diversify destinations and occupations abroad, and to maximize the benefits of return migration.
Author: Weltbank Publisher: ISBN: Category : Languages : en Pages :
Book Description
International migration for temporary employment is a critical component of South Asia's development path, from both the jobs and remittance flows perspectives. South Asian economies are at a stage of demographic transition where people of working-age are generally still increasing shares of populations, with millions of people entering the working-age cohort every year for another generation. This report focuses on Bangladesh, Nepal, and Pakistan - three countries in the region sharing similar characteristics, opportunities, and challenges when it comes to international migration. All three are lower-middle income countries where sizeable shares of the working age population migrate overseas. Migration has large positive effects on South Asian economies overall, often noted by the fact that remittances tend to be very high in relative and absolute terms. Several of the policy actions that can be taken in the pre-migration phase of the migration life-cycle to reduce the vulnerability of migrants will directly reduce costs and improve access for poorer households. Reducing volatility and improving sustainability will require sending countries to ultimately diversify the markets where they send their workers.
Author: Dilip Ratha Publisher: World Bank Publications ISBN: 0821370731 Category : Social Science Languages : en Pages : 70
Book Description
"South-South Migration and Remittances" reports on preliminary results from an ongoing effort to improve data on bilateral migration stocks. It sets out some working hypotheses on the determinants and socioeconomic implications of South-South migration. Contrary to popular perception that migration is mostly a South-North phenomenon, South-South migration is large. Available data from national censuses suggest that nearly half of the migrants from developing countries reside in other developing countries. Almost 80 percent of South-South migration takes place between countries with contiguous borders. Estimates of South-South remittances range from 9 to 30 percent of developing countries' remittance receipts in 2005. Although the impact of South-South migration on the income of migrants and natives is smaller than for South-North migration, small increases in income can have substantial welfare implications for the poor. The costs of South-South remittances are even higher than those of North-South remittances. These findings suggest that policymakers should pay attention to the complex challenges that developing countries face not only as countries of origin, but also as countries of destination.
Author: S. Irudaya Rajan Publisher: Springer Nature ISBN: 3031341945 Category : Social Science Languages : en Pages : 226
Book Description
This open access Regional Reader provides a contemporary look at the emerging challenges and issues facing South Asian migration amidst covid-19 and discusses a framework for a sustainable and cooperative migration from and within the region, which will impact both the economic and regional development of South Asia. The book draws a focus on this area through an interdisciplinary and holistic lens and follows the three broad areas of migration studies in South Asia: Governance and mobility, Family, health and demography, and Forced migration. It thereby covers a number of issues from South Asian countries such as Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan and the Maldives. This book is a valuable resource for those who want to understand the dynamics of migration from the largest migrant-sending region in the world and one which will determine the shape of global migration patterns in the future.
Author: World Bank Publisher: World Bank Publications ISBN: 1464819203 Category : Business & Economics Languages : en Pages : 212
Book Description
South Asia is facing renewed challenges. The impact of the Russia-Ukraine war on food and energy prices on domestic inflation is long-lasting. Externally, countries’ current account balances deteriorate rapidly as imports rise on the back of economic recovery and rising inflation, remittances decline, and foreign capital flows out following monetary tightening in advanced economies. An economic slowdown in advanced economies and trading partners can also be a drag to the exports sector and remittances inflows, which many countries in the region depend on. These immediate challenges can translate to persistent deterrent to long-term growth and development. Higher energy prices already are changing the attitude of many countries outside the region about green transition and carbon reduction. The South Asia region is thus at a critical juncture. The theme chapter provides a deep dive into COVID-19 and migration. Migrant workers and remittances flows are important for South Asia as sources of income and means to smooth local income shocks for households, and as an important source of foreign reserves for the country. The pandemic changed the flows of migration, as some migrants had to return home and some had to stay in foreign countries due to COVID-related restrictions. The chapter studies the long-run trend of migration in the region, how COVID-19 impacted migration and remittance inflows, whether migration has (or has not) recovered, and proposes policies to address underlying problems.
Author: Samuel Munzele Maimbo Publisher: World Bank Publications ISBN: 0821383515 Category : Business & Economics Languages : en Pages : 147
Book Description
According to a recent World Bank study of remittances, Bangladesh, India, Pakistan and Sri Lanka are all among the top 20 receivers of remittances, with estimated receipts of US$3.2 billion, US$8.4 billion and U.S$ 1.5 billion respectively. 'Migrant Labor Remittances in South Asia' identifies and discusses the key issues affecting the remittance industry in South Asia. It examines the development and implementation of policies, processes, and infrastructure to foster a development-oriented transfer of financial resources between migrants in developed economies and their families in the region. Rather than duplicate previous remittances work, this title only focuses on the region?s distinguishing characteristics, namely: --A large migrant population of semi-skilled and unskilled workers largely concentrated in the Arabian Gulf countries, particularly Saudi Arabia and the United Arab Emirates. --The presence of dedicated public institutions and government financial incentives aimed at facilitating and providing incentives for temporary migration and remittance inflows --The existence of large state bank branch networks with immense potential for a more effective and efficient remittance financial market. --The widespread usage of trade related informal remittance channels by both legal and illegal migrants. The book is intended for policymakers who legislate and regulate the financial sector, as well as for researchers and providers of remittance services.
Author: Anna Triandafyllidou Publisher: Edward Elgar Publishing ISBN: 1800887655 Category : Social Science Languages : en Pages : 443
Book Description
This thoroughly revised and updated Handbook brings together an international range of contributors to highlight the deep interdependence between migration and globalisation, and explore the impact of economic, social, and political globalisation on international population flows. It provides an interdisciplinary perspective on a discussion that has been intensifying and diversifying over the past 25 years. This title contains one or more Open Access chapters.
Author: S. Amer Ahmed
Author: S. Amer Ahmed
Author: 
Author: Weltbank
Author: LAURENT. BOSSAVIE
Author: Dilip Ratha
Author: S. Irudaya Rajan
Author: World Bank
Author: Samuel Munzele Maimbo
Author: Anna Triandafyllidou
Author: The World Bank